National Stock Exchange (NSE) has enhanced its co-location capacity with the introduction of over 200 full rack equivalent (FRE) capacity. It was part of colocation Phase-11 and Phase-12 launched on January 3.
With the introduction of the new phases of expansion, the NSE is now one of the largest colocation facility providers in the world with combined capacity of over 1,200 FRE capacity being made available to market participants.
The colocation facility enables trading members to place their servers at the exchange’s premises, ensuring ultra-low latency access to trading data and price feeds. It is a critical advantage in technology-driven financial markets.
Currently, over 200 members have subscribed to racks in the Exchange Colocation Facility and over 100 members have subscribed to colocation via Colocation as a Service (CaaS) model being provided by the Exchange.
Expansion plans
Considering the growing demand, the exchange plans to add over 300 FRE capacity by June quarter-end at the Exchange Plaza, BKC site that takes the capacity to 1,500 racks in next three months.
Exchange also plans to add about 2000 FRE capacity on need basis in a phased manner over next two years. To create the aforesaid capacities, the existing premises in Exchange Plaza, BKC is planned to be converted to a Data Centre and non-critical employees / departments currently operating from the Exchange Plaza premises are being relocated to alternate office facilities which have been identified in the BKC area.